Houston-based oil companies have seen significant increases in profits. Exxon Mobil reported $14.53 billion in second-quarter profits, which is a substantial increase from the same period last year.

This increase is attributed to rising energy prices, driven by conflict between the U.S. and Iran. Chevron also experienced a notable surge in profits, reaching $12.07 billion.

For more information on the profits reported by these companies, readers can refer to the original source, Houston Public Media, for further details on the recent developments in the oil industry.